1、ANNUAL REPORT2014ANNUAL REPORT2014Corporate Profile Diana Shipping Inc.(NYSE:DSX)is a global provider of shipping transportation services.We specializein the ownership of dry bulk vessels.As of May 8,2015 our fleet consists of 40 dry bulk vessels(2 Newcastlemax,12 Capesize,3 Post-Panamax,3 Kamsarmax
2、 and 20 Panamax).The company alsoexpects to take delivery of one Kamsarmax dry bulk vessel during the second quarter of 2015,onenew-building Capesize dry bulk vessel during August 2015 as well as two new-building Newcastlemaxdry bulk vessels and one new-building Kamsarmax dry bulk vessel during the
3、second quarter of 2016.As of the same date,the combined carrying capacity of our fleet,excluding the five vessels not yetdelivered,is approximately 4.6 million dwt with a weighted average age of 7.1 years.Our fleet is managed by our wholly-owned subsidiary Diana Shipping Services S.A.Please visit ou
4、rmanagers website at .Diana Shipping Inc.also owns approximately 26.1%of the issued and outstanding shares of DianaContainerships Inc.(NASDAQ:DCIX),a leading global provider of shipping transportation servicesthrough its ownership of containerships,that currently owns and operates thirteen container
5、 vessels(4 Post-Panamax and 9 Panamax).Among the distinguishing strengths that we believe provide us with a competitive advantage in thedry bulk shipping industry are the following:We own a modern,high quality fleet of dry bulk carriers.Our fleet includes groups of sister ships,providing operational
6、 and scheduling flexibility,as well as cost efficiencies.We have an experienced management team.We benefit from the experience and reputation of Diana Shipping Services S.A.,our fleet manager.We benefit from strong relationships with members of the shipping and financial industries.We have a strong